Democrats Woke Up to Trump’s Crypto Grift. What About Others?
Cryptocurrency legislation once seemed to be the rare issue that could draw bipartisan support in Donald Trump’s Washington, thanks to the industry’s prolific donations on both sides of the aisle.
Then Trump and his family attempted to monetize the presidency through a meme coin and a $2 billion crypto deal involving an Abu Dhabi-backed venture firm.
Democrats were, suddenly, outraged. Some centrist party members who had treated cryptocurrency with deference even began to walk away.
Nine Senate Democrats pulled their support for so-called “stablecoin” legislation over the weekend, imperiling the industry’s most likely legislative win this year. Meanwhile, Rep. Maxine Waters, D-Calif., blocked a House…
